Alec MacGillis

The soon-to-be U.S. energy secretary doled out billions in grants and tax incentives for corporations while governor of Texas. One $30 million grant went to an energy group that turned out to be a phantom.

(REPORT) --- Donald Trump's selection of Rick Perry to lead the Department of Energy has prompted many Democrats to question Perry's qualifications for the position. While he governed a state rich in fossil fuels and wind energy, Perry has far less experience than President Obama's two energy secretaries, both physicists, in the

In March, I was driving along a road that led from Dayton, Ohio, into its formerly middle-class, now decidedly working-class southwestern suburbs, when I came upon an arresting sight. I was looking for a professional sign-maker who had turned his West Carrollton ranch house into a distribution point for Trump yard signs, in high

The only thing Hillary Clinton and Donald Trump seemed to agree upon in last Sunday’s debate — indeed, one of the few substantive policy exchanges they had — was the need to eliminate a tax benefit that collectively saves private equity, real estate, and venture capital partners billions of dollars each year. But their exchange might have left

Hillary Clinton has gone even further than Donald Trump in promising to kill a tax break that benefits some of the wealthiest people in finance. So why are private equity titans giving all their campaign money to Clinton?

For years, Democratic elected officials in Washington have been wary of going after Wall Street excesses too hard, lest the deep-pocketed financial industry throw all its resources to Republicans.
This has been especially true of one of the most notorious targets for financial reform: the favorable tax treatment of the outsized compensation